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 = `ist the basic features of the different forms of business
Candidates will produce 
 ownership.


, with examples, of the = `ist the advantages and disadvantages of the different
different types of business ownership. forms of business ownership.
Their reasons why businesses may change = ½xplain why a sole trade may wish to become a
their ownership will be . partnership.
= Refine limited liability.
= Rescribe the start up of M&S.

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Candidates will produce   = ½xplain the features of the different forms of business


, with examples, of the ownership.
different types of business ownership. = ½xplain the advantages and disadvantages of the different
Their reasons why businesses may change forms of business ownership ʹ discuss why each of these
their ownership will 
    may be an advantage or disadvantage to the business.
understanding of the different types of = ppplying the concepts of limited liability and separate legal
business ownership. identity, discuss why a sole trader or partnership may
become a limited company.
= Rescribe how and why M&S became a `TR.


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Candidates will produce   = pnalyse why shareholders of a private limited company


, with examples, of the may wish the business to become a public limited
different types of business ownership. company.
Their reasons why businesses may change = ½xplain why a business may wish to raise funding.
their ownership will 
   = Compare share issue as a source of finance to a loan or
 understanding of the different using retained profit.
types of business ownership. = pnalyse whether M&S could have grown this large without
becoming a P`C.
= Show consideration of the other options such as
franchising.